That is a very interesting point. Though BTC isn't moving much over the next week, I'm almost confident Steem will see a burst.
It's insane how much impact WG has on crypto. When Korea started raids and rumors went around that China was banning crypto....the market plummeted. It's still recovering today actually....over the actions of WG. I think this has the possibility of rebounding sooner than we think, but the relies on the community around BTC to fix.